FX Week is proud to present the 10th annual FX Invest Europe conference, bringing together leading buy-side practitioners in the fast developing foreign exchange and currency markets. It is a must-attend event for those who want to better understand the implications of recent market developments

Risk.net's award-winning OpRisk North America is back for its 19th year! This industry must-attend conference gathers 550+ senior operational risk directors from leading tier 1 banks, buy-side firms and regulators from across the globe.

Structured Products runs three global awards programmes - for the Americas, Asia, and Europe - to celebrate excellence across the structured products markets. The Structured Products awards are the industry's most prestigious honour, designed to recognise the top buyside and sellside firms.

The OpRisk Awards recognise the outstanding achievers across the operational risk markets, including banks, insurers, regulators, consultants and vendors. We celebrate the industry's hard work in style and the awards ceremony is a great opportunity to network and find out about companies performance

This white paper discusses how effective financial crime prevention can not only mitigate the risk of threats to an organization and to its customers, but how it can also provide additional benefits such as operational efficiency and improved customer experience.

Now in its 10th year, the RiskTech100 is globally acknowledged as the most comprehensive study of the world's most significant risk and compliance technology companies. This report covers the key market trends and ranks the top 100 technology vendors in this sector.

£90K- £120K + Bens & Bonus :
Compliance Recruitment Solutions:
Our client, a global fund management firm, is seeking to recruit for a newly created role. Frequently liaising at senior level within the business ...
West End

Collateralised debt obligation (CDO)

Investors that snapped up cash bonds and other simple credit assets at the start of last year have made large profits as the credit market rallied strongly in 2009. While many of the obvious credit opportunities have disappeared, some market participants...

The static assumptions of the Gaussian copula model have long presented an obstacle to dynamic hedging of credit portfolio tranches. Here, Jean-David Fermanian and Olivier Vigneron combine the copula with a spread diffusion to derive hedging error as...

At the height of the financial crisis, manufacturers were quick to mitigate mounting counterparty risk concerns by deploying products issued by collateralised special purpose vehicles. But now, as the yield junkies return and retail appetite for collateralisation...

A market model for the dynamics of credit-risky baskets and indexes such as the iTraxx has long been sought, but because of difficulties with the natural numéraire has remained elusive. Here, Philippe Carpentier proposes using hedging arguments to develop...

In its latest round of proposals for modifications to the Capital Requirements Directive (CRD), the European Commission has confirmed its intention to assign higher capital requirements to re-securitisations and to enhance disclosure requirements for...

Rating agencies have been lambasted for perceived failings in their collateralised debt obligation (CDO) rating methodologies. The leading agencies have published revised methodologies, but has it swung too much the other way? With the CDO market in the...

New due diligence and risk weighting guidance for resecuritisations aims to prevent a repeat of the credit crisis, but should these measures have been included in the 2006 version of Basel II? By Peter Madigan

Peter Jackel presents a model for the dynamics of fractional notional losses and prepayments on asset-backed securities for the valuation and risk management of derivatives, including waterfall structures and other structured debt obligations on bespoke...

Monoline insurers act as triple-A guarantors of the senior risks in structured finance. A purchaser of credit insurance or protection from a monoline may argue that they take only a small amount of the counterparty risk that is a common side-effect of...

The meltdown in subprime collateralised debt obligations will affect financial markets for years. One likely result will be a renewed market willingness to reward sound credit underwriting - and therein lies a valuable business opportunity, argues David...

Some distributors in Asia are offering first-to-default retail credit notes that give sovereign exposure, signalling a revival of interest in credit. But heavy mark-to-market losses and the use of CDOs as underlying collateral in previous issues have...